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'The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.'

-Joan Robinson



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January 27, 2016

It is sometimes said that 'we are what we eat'. In a similar vein, perhaps we think what we read.

Academics spend a lot of time researching and writing, hoping to be published and read. Much of their writing is for academic journals. Do journals matter? At worst they...

June 17, 2014


In bringing down a budget distinguished by inequity, is the Abbott government running with or against the spirit of the times? Given the backdrop of the neo-liberal era, most would probably say the former. But if the success of Thomas Piketty’s new book, Capital in th...

May 25, 2014


It is hard to underestimate the scale of the transformation being attempted by this budget. It is true that it continues on trends begun earlier, and that many changes face substantial opposition in the Senate. It may be that this is an ambit claim. But if it is to be...

May 25, 2014

Some time ago Tony Cliff developed a theorisation of deflected permanent revolution to consider how state power, notably in post-colonial conditions of uneven and combined development, becomes the driver for capital accumulation. One result was the deflection of perman...

April 24, 2014

Political economists have to sort out what constitutes useful knowledge. This is seldom easy: many academic works are based on shaky foundations or are disengaged from what is happening in the world around us. Meanwhile journalistic works often embody more prejudice th...

March 21, 2014

There is now only one way of ensuring Qantas continues as an Australian airline: returning it to public (the Australian Government’s) ownership as existed before Keating’s 1993 privatisation. Qantas is an integral part of the Australian economy employing 32,000 and ind...

March 3, 2014

It was perversely amusing to watch the overdone theatrics involved in the recent meeting of G-20 finance ministers and central bankers in Sydney – a prelude to the main G-20 summit in Brisbane later this year. The theatrics didn’t come from the summit itself: like all...

The future of Australian manufacturing is currently much in question. The high value of the Australian dollar in the last few years has made it difficult for Australian producers to compete in world markets, so exports have been struggling while domestic markets have b...

While the role of the state in the global political economy, or the relationship between the inter-state system and globalisation, has been the focus of scholarly debate for some time, mainstream debates have run out of steam. On one hand, neo-realists argue that the i...

November 1, 2013

Ministers and Leaders of the 12 governments involved in the Trans-Pacific Partnership (TPPA) negotiations met on the fringes of the meeting of the 21-member APEC meeting in Bali on October 4-8. The outcomes of the non-binding APEC leaders’ Forum received extensive medi...

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